Definition of walkthrough in real estate

Walkthrough

What is a walkthrough?

A walkthrough is the last inspection that is conducted by a buyer of a house before finalizing a sale. At this stage, the buyer will make sure that the house meets the terms and conditions agreed upon in the contract. For example, let’s assume that there was an issue with the foundation and the seller agreed to repair it. Before closing the sale, a buyer should make a final inspection of the house to make sure that the ceiling was fully repaired.

What to look for during a final walkthrough?

A walkthrough is an important step to never ignore when buying a house. The following are some of the things you should look for during your walkthrough.

  • Inspect all appliances
  • Check the lights and make sure the toilets flush
  • Make sure that all doors and windows work well
  • If the house has heating and air conditioning systems, make sure that they work properly
  • Inspect the garage systems
  • Perform a thorough inspection of the ceiling, walls, floors, closets, etc.
>>MORE: 7 Reasons You Should Get A House Inspection

How to have a successful walkthrough ?

In order to have a successful walkthrough, the buyer should take property steps. The following are a few tips you can use to have success on your walkthrough.

  • Have a proper team when conducting a final walkthrough. That is only you and your agent should do this step to make sure you exchange final thoughts on the house before closing.
  • Perform this final inspection as close to the settlement date as possible. This will give the seller enough time to make all the necessary repairs.
  • Do not rush the process. Give yourself enough time to evaluate the house. Overlooking issues in the house can cost you a fortune in the future.
  • Do not confuse the walkthrough with the inspection. A home inspection will be conducted by a licensed inspector who will evaluate any issues associated with the house such as structural problems, plumbing, and electrical systems issues. The final walkthrough, however, is there for you to make a final look at the house before closing the sale.

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